July 23, 2017 5:29 PM ET

Diversified Financial Services

Company Overview of Prosper Marketplace, Inc.

Company Overview

Prosper Marketplace, Inc., together with its subsidiaries, develops a peer-to-peer online credit marketplace in the United States. Its marketplace allows investors to invest in unsecured consumer loans originated through the marketplace in an open and transparent marketplace aiming to benefit financially, as well as socially. The company’s marketplace matches individuals who wish to obtain consumer loans with those who are willing to commit funds to those loans. Its marketplace also offers fixed rate, amortizing, and unsecured consumer loans to accredited and institutional investors, as well as issues notes. In addition, the company operates a cloud-based patient financing company for health...

221 Main Street

3rd Floor

San Francisco, CA 94105

United States

Founded in 2005

371 Employees

Phone:

415-593-5400

Key Executives for Prosper Marketplace, Inc.

Chief Executive Officer and Director
Age: 47
President
Age: 52
Chief Financial Officer and Head of Capital Markets
Age: 40
Executive Vice President of Operations
Age: 39
Chief Risk Officer
Age: 35
Compensation as of Fiscal Year 2017.

Prosper Marketplace, Inc. Key Developments

Ron Suber Steps Down as Prosper Marketplace's President

Ron Suber, one of the online lending industry's most visible cheerleaders, is stepping down from his position as president of Prosper Marketplace. Suber will remain with company as a senior adviser and president emeritus, but he will have a smaller day-to-day role.

Prosper Marketplace, Inc. Presents at Morgan Stanley Financials Conference, Jun-13-2017 11:45 AM

Prosper Marketplace, Inc. Presents at Morgan Stanley Financials Conference, Jun-13-2017 11:45 AM. Venue: InterContinental New York Barclay Hotel, New York, New York, United States. Speakers: Usama Ashraf, Chief Financial Officer and Head of Capital Markets.

Prosper Marketplace, Inc. Reports Earnings Results for the Year 2016

Prosper Marketplace, Inc. reported earnings results for the year 2016. For the year company reported total revenues fell 33% compared to 2015, and the decline was mostly due to a 42% decrease in loan volume and booked a $118.7 million loss for 2016, more than 4x the $25.97 million loss it posted in 2015.

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Recent Private Companies Transactions

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